Can I retire at age 50 with 1,880,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$155,249$153,866$152,517$151,200$149,914$145,699
2 years$76,856$75,424$74,037$72,692$71,388$67,173
3 years$50,728$49,291$47,907$46,575$45,291$41,210
4 years$37,667$36,234$34,864$33,554$32,302$28,384
5 years$29,832$28,408$27,056$25,773$24,556$20,812
6 years$24,611$23,197$21,865$20,611$19,430$15,865
7 years$20,883$19,481$18,170$16,945$15,802$12,415
8 years$18,088$16,699$15,410$14,215$13,109$9,899
9 years$15,915$14,539$13,272$12,108$11,040$8,003
10 years$14,178$12,816$11,571$10,437$9,406$6,538
11 years$12,758$11,409$10,187$9,084$8,090$5,386
12 years$11,575$10,240$9,041$7,967$7,010$4,466
13 years$10,575$9,254$8,077$7,034$6,113$3,723
14 years$9,719$8,412$7,257$6,244$5,359$3,117
15 years$8,977$7,684$6,553$5,569$4,718$2,618
16 years$8,329$7,050$5,941$4,986$4,170$2,206
17 years$7,758$6,493$5,406$4,480$3,697$1,863
18 years$7,250$6,000$4,935$4,037$3,288$1,576
19 years$6,797$5,560$4,518$3,648$2,930$1,336
20 years$6,390$5,167$4,146$3,304$2,617$1,134
21 years$6,021$4,813$3,814$2,999$2,342$964
22 years$5,687$4,493$3,515$2,726$2,100$820
23 years$5,382$4,202$3,245$2,483$1,885$698
24 years$5,103$3,937$3,001$2,265$1,694$595
25 years$4,847$3,695$2,780$2,068$1,524$507
26 years$4,611$3,472$2,578$1,891$1,373$432
27 years$4,392$3,268$2,394$1,731$1,238$369
28 years$4,190$3,079$2,226$1,586$1,117$315
29 years$4,002$2,905$2,071$1,454$1,009$269
30 years$3,827$2,743$1,929$1,335$911$230
31 years$3,663$2,593$1,799$1,226$824$196
32 years$3,510$2,454$1,678$1,127$745$168
33 years$3,367$2,324$1,567$1,036$675$143
34 years$3,232$2,203$1,464$953$611$122
35 years$3,105$2,089$1,369$877$553$105
36 years$2,986$1,983$1,280$808$501$89
37 years$2,873$1,883$1,198$745$454$76
38 years$2,767$1,790$1,122$686$412$65
39 years$2,666$1,702$1,051$633$373$56
40 years$2,570$1,619$985$584$339$48
41 years$2,480$1,541$924$538$307$41
42 years$2,394$1,468$867$497$279$35
43 years$2,312$1,399$813$459$253$30
44 years$2,234$1,333$764$424$230$26
45 years$2,159$1,271$717$391$209$22
46 years$2,089$1,213$673$361$189$19
47 years$2,021$1,157$633$334$172$16
48 years$1,956$1,105$594$308$156$14
49 years$1,895$1,055$559$285$142$12
50 years$1,836$1,008$525$264$129$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,880,000, adding $6,734 every year, while hoping to spend $29,993 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 80/13/7 Blend
49$1,880,000$1,880,000$1,880,000$1,880,000
50$2,078,706$1,979,066$1,949,926$2,242,913
51$2,258,822$2,044,128$1,983,336$2,416,502
52$2,456,304$2,111,373$2,016,861$2,602,288
53$2,672,893$2,180,876$2,050,471$2,805,236
54$2,910,504$2,252,714$2,084,138$3,027,043
55$3,171,248$2,326,970$2,117,829$3,269,578
56$3,457,450$2,403,726$2,151,511$3,534,901
57$3,771,670$2,483,070$2,185,147$3,825,277
58$4,116,731$2,565,090$2,218,700$4,143,204
59$4,495,738$2,649,881$2,252,127$4,491,431
60$4,912,117$2,737,538$2,285,386$4,872,986
61$5,369,636$2,828,161$2,318,431$5,291,205
62$5,872,452$2,921,854$2,351,211$5,749,759
63$6,425,141$3,018,724$2,383,676$6,252,697
64$7,032,747$3,118,882$2,415,770$6,804,473
65$7,700,823$3,222,443$2,447,434$7,409,999
66$8,435,491$3,329,527$2,478,608$8,074,681
67$9,243,495$3,440,258$2,509,225$8,804,477
68$10,132,264$3,554,763$2,539,216$9,605,950
69$11,109,985$3,673,176$2,568,510$10,486,329
70$12,185,676$3,795,635$2,597,027$11,453,580
71$13,369,275$3,922,281$2,624,688$12,516,477
72$14,671,733$4,053,264$2,651,407$13,684,687
73$16,105,113$4,188,738$2,677,092$14,968,862
74$17,682,709$4,328,860$2,701,650$16,380,736
75$19,419,169$4,473,798$2,724,978$17,933,236
76$21,330,631$4,623,721$2,746,972$19,640,609
77$23,434,879$4,778,807$2,767,520$21,518,547
78$25,751,510$4,939,242$2,786,504$23,584,344
79$28,302,114$5,105,215$2,803,803$25,857,052
80$31,110,485$5,276,925$2,819,285$28,357,664
81$34,202,838$5,454,579$2,832,815$31,109,311
82$37,608,063$5,638,388$2,844,249$34,137,480
83$41,357,991$5,828,575$2,853,437$37,470,255
84$45,487,700$6,025,369$2,860,221$41,138,579
85$50,035,842$6,229,008$2,864,435$45,176,548
86$55,045,008$6,439,741$2,865,904$49,621,734
87$60,562,134$6,657,823$2,864,447$54,515,535
88$66,638,936$6,883,520$2,859,870$59,903,569
89$73,332,405$7,117,110$2,851,973$65,836,100
90$80,705,341$7,358,880$2,840,545$72,368,519
91$88,826,947$7,609,126$2,825,365$79,561,859
92$97,773,481$7,868,159$2,806,200$87,483,376
93$107,628,977$8,136,299$2,782,809$96,207,178
94$118,486,035$8,413,880$2,754,935$105,814,932
95$130,446,698$8,701,248$2,722,313$116,396,626
96$143,623,415$8,998,763$2,684,664$128,051,422
97$158,140,098$9,306,796$2,641,695$140,888,595
98$174,133,295$9,625,737$2,593,099$155,028,554
99$191,753,481$9,955,988$2,538,558$170,603,990
100$211,166,471$10,297,967$2,477,735$187,761,120